A stand-alone modern hospitality investment within a newly-established residential precinct has come to the market in the West Auckland suburb of Glen Eden.
It gives investors the opportunity to secure a quality asset with long-term income underpinned by an established cafe operator.
Purpose-built in 2025 by Aedifice Property Group, the cafe building at 460 West Coast Road sits at the gateway to the recently completed Selo residential neighbourhood, a master-planned 236-townhouse development designed by BDG Architects.
The circa-233sqm cafe property features a contemporary fitout, a full commercial kitchen, and a combination of internal and outdoor dining areas all set on a 477sqm freehold site that supports efficient customer circulation and operational flexibility.
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The cafe operates during daytime hours and has become a popular meeting point for locals, families and sports groups, supported by its position directly opposite the Parrs Park sports and recreation ground.
With a new eight-year lease to Bakeology Limited trading as Crafty Baker, commencing 1 March 2025 and including rights of renewal through to a final expiry in 2039, the property returns net annual income of $82,400 plus GST.
The lease provides fixed annual growth and market rent reviews at renewal, supporting income stability for investors.
Crafty Baker is a well-known operator with a longstanding presence in West Auckland, including its artisan bakery in Titirangi, and has built a loyal customer base during its time in Glen Eden through a strong understanding of local demand.
The site was formerly Nola’s Orchard, and its frontage to West Coast Road provides excellent visibility, while integration with the Selo development and proximity to schools, shopping centres, train stations and bus routes broadens the customer catchment and supports sustained daily activity.
The property is being marketed for sale by Stephen Scott, Ankur Dakwale, and Chris Beasleigh of Bayleys, with the deadline private treaty campaign closing Wednesday 2nd September, unless sold prior.
The property reflects the fundamentals that underpin resilient commercial investments, with Scott saying investors are drawn to well-leased suburban assets that provide stable income and have strong underlying land value.
“The asset delivers secure income from a proven occupier and offers investors a modern building supported by long-term demand in this part of West Auckland.
“The lease structure also aligns with current investor preferences for predictable growth, with the combination of fixed annual increases and market reviews at renewal providing dependable income performance over time, which buyers and lenders are looking for in today’s environment.”
The cafe’s position within a growing residential precinct and directly opposite Parrs Park ensures steady patronage throughout the day, reinforcing long term tenant performance.
“The site enjoys constant activity generated by the surrounding residential catchment and the popular park, with the cafe providing a focal point,” says Dakwale.
“It’s a walkable neighbourhood with regular community events, including Auckland Council’s art, music and movies in the park programmes, which helps foster a strong sense of community.”
- Supplied by Bayleys
